News and insights about brands in the sporting goods industry – Page 121
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News briefs
Beachbody names a chief strategy officer
The Beachbody Company has announced the appointment of Kathy Vrabeck to the newly created role of chief strategy officer. Reporting to Carl Daikeler, co-founder, chairman and CEO of Beachbody, she will be responsible for prioritizing and driving strategic growth initiatives focused on department interaction, human capital allocation, M&A and integration, ...
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News briefs
Arc’teryx appoints Karl Aaker as brand vice president
Arc’teryx Equipment, the Canadian sports brand inherited by Anta Sports Products and other interests through their investment in Amer Sports in 2019, announced the appointment of Karl Aaker to the role of VP brand, effective immediately. In his new role, Aaker will be responsible for leading the global brand strategy, ...
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News briefs
Rip Curl CEO steps up to lead Kathmandu Group
Kathmandu Holdings has appointed the CEO of the Rip Curl brand, Michael Daly, to head the whole group, which includes the Kathmandu, Rip Curl and Oboz brands. Daly replaces the former CEO and managing director, Xavier Simonet, who left the company on April 9 to take the helm at the ...
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Article
Fila group sees a 25.1% sales gain in Q1, but Europe is down
The booming golf market came in handy for the Korean-based Fila group, boosting the revenues of its controlled Acushnet subsidiary. As a group, Fila Holdings thus saw its revenues rise by 25.1 percent to 988,281 million Korean won (€717.2m-$875.4m) in the first quarter, leading to a 239.7 percent jump in ...
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Article
Descente’s annual sales fall by 22% despite a Q4 rebound
Descente, the Japanese sportswear group, posted revenues for the financial year ended March 31 of 96,862 million yen (€727.2m-$887.8m), down by 22.2 percent on the year earlier, due to the cancellations of events and competitions, plus the closure of retail stores due to the Covid-19 pandemic. The decline in its ...
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News briefs
Macron signs up one of the oldest English football clubs
Macron has signed a five-year sponsorship deal with the Blackburn Rovers football club, taking the place of Umbro from the 2021/22 season. The Italian brand will dress up the main team as well as the women’s and junior teams. Founded back in 1875, the club is one of the oldest ...
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News briefs
Brazilian martial arts brand applies Polygiene’s Stay Fresh
A Brazilian company specializing in martial arts, KVRA, has incorporated Polygiene’s Stays Fresh treatment into a gi for the martial art of jiu-jitsu. Gis are made of thick fabric, absorb a lot of sweat and tend to take two or three days to dry in the air after a wash. ...
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News briefs
3M launches Thinsulate Xerogel Insulation with 99% air
3M announced the launch of a new Xerogel insulation technology in the coming months. Comprised of 60 percent post-consumer recycled material, the new 3M Thinsulate Xerogel insulation is a highly porous structure consisting of 99 percent air for good thermal insulation. In order to apply this innovative material to apparel, ...
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News briefs
Wolverine and ABG reportedly bid jointly for Reebok
Wolverine Worldwide has joined forces with the Authentic Brands Group (ABG) to make a bid worth “slightly more than” $1 billion for the takeover of Reebok, according to The New York Post. ABG’s current assets include Sports Illustrated as well as sports brands like Airwalk, Prince Sports and Volcom. The ...
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News briefsPuma launches new OP-1 PWRFrame sneakers line
Puma has introduced the OP-1 PWRFrame franchise, a new line of sneakers with a progressive, clean design and a futuristic feel. The brand will launch new drops every month. The upper combines more technical processes, like bonding and embroidery, with traditional overlay elements, for a streetwear look. Neon accents appear ...
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Infographics & DataEarnings - Q1 2021 Results Adidas
This earnings briefing includes the highlights of the Q1 2021 from Adidas.
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News briefs
Technogym sells Danish club management software firm
Technogym has announced the sale of Exerp ApS, a Danish company involved in the development of software for the management of club members, and its holding company, Amleto ApS, to a U.S. investment firm, Battery Ventures. Technogym will record a capital gain of €17.1 million on the €53.1 million price ...
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News briefs
Technogym grows by 10.2%, with B2C home fitness up by 129.2%
Technogym reported a revenue increase of 10.2 percent to €128.7 million in the first quarter of 2021, with a growth of 13.1 percent in constant currencies. In terms of euros, they rose by 26.0 percent in Italy, by 1.3 percent in the rest of Europe, by 29.1 percent in Asia/Pacific ...
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Article
Canada Goose rises by 33.7%
While reporting a 33.7 percent rise in fourth-quarter sales to 208 million Canadian dollars (€141.4m-$171.7m), an upbeat Canada Goose said it expects revenues to exceed C$1 billion (€680m-$826m) for the first time for the current financial year as it plans to open 10 new stores - six in Asia/Pacific, two ...
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ArticleLed by Europe, Asics returns to profits in Q1 on 25% higher sales
Asics Corp. reported a 24.8 percent sales increase to 106,549 million Yen (€802,901-$974,477) for the first quarter of 2021, with increases of 43.4 percent in Europe, 20.1 percent in North America, 95.8 percent in Greater China and just 0.5 percent in Japan. E-commerce outperformed, rising by 86 percent overall, with ...
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News briefs
Nike sees HQ staff working at the office three days a week
Nike’s vice president of workplace design and connectivity, Jeff Nichols, has sent out in an email to affected employees, laying out a new in-office work policy for the company’s global headquarters in Beaverton, Oregon. Nike is to begin raising capacity, services and amenities there as of next month, while continuing ...
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Article
Mizuno finishes the year down by 11.4%
Net income returned to growth for Mizuno Corp. in the fourth quarter of its financial year, ended March 31, with net earnings rising by 28 percent to ¥1,811 million yen (€13,636-$16,550). The quarterly revenues fell by 7 percent to ¥43.7 billion (€329.1m-$399.4m), growing only in the Americas region because of ...
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ArticleStrong Q1 leads Wolverine to raise guidance
Wolverine Worldwide raised its guidance for the full financial year due to better-than-expected e-commerce growth in the first quarter and optimism over Covid-19 vaccine roll-outs. The group’s revenues in the three months to April 3 rose by 16.3 percent to $510.7 million, just about missing estimates of $511.8 million. The ...
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News briefsHelly Hansen maintains sales momentum
In the first quarter ended April 3, Helly Hansen’s revenues increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at rou ghly thesame pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian Tire, which ...
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News briefsPuma has a new marketing head for Europe
Puma has made Benoît Menard its regional marketing manager for Europe. He will be working out of the Puma group’s headquarters in the Bavarian town of Herzogenaurach. Menard has been with the company since 2018, having previously spent five years with Adidas and another five with a French TV channel, ...
